New Zealand Exchange (NZX)

NZX is the official equities exchange of New Zealand. It facilitates the trading of securities of the majority of New Zealand's listed companies and also a number of listed overseas companies. The Exchange owns Smartshares, the country's only issuer of listed ETFs.

Please note: Until further notice, market is not available to trade.

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Currency: New Zealand Dollar (NZD)

Trading Hours & Holiday Calendar

• Limit Day
• Fill or Kill (FOK)
• Immediate or Cancel (IOC)

• Lot Size: 100 shares.
• Tick Size: minimum price change for securities quoted on NZX is one cent ($0.01 AUD), except when the price is less than twenty cents ($0.20), then the minimum price change will be one tenth of a cent ($0.001).
• Short Sale Rules: short sales can be executed only on approved securities. Short sales cannot be completed if a sale means that 10% of the security is being subject to short sales. Uptick rules apply. All net short positions must be reported to the exchange.
• Circuit Breakers: there is currently no circuit breakers mechanism in NZX.
• Crossing: all crossing is permitted within market price. Outside of market price, crosses must be greater than NZ$1 million.

1. Pre-Open (08:30:00 - 09:59:29)

• Orders can be entered but will not execute

2. Opening Auction

• Occurs at random from 09:59:30 - 10:00:30

3. Continuous Trading (10:00:30 - 16:44:59)

• Takes place after the Opening Auction

4. Pre-Close (16:45:00)

• Orders can be entered but will not execute

5. Closing Auction

• Occurs at random from 16:59:30 - 17:00:30 (DTTW™ closing auction order cut-off time: 16:59:15)
• Note: any order sent during the closing auction must be within 7% of the theoretical auction price

For more information on the rules governing the New Zealand Stock Exchange, see the Participant Rules page.

The Financial Markets Authority (FMA) is responsible for overseeing exchanges and regulating financial advisors, financial service providers, trustees, and auditors. Its objectives are to promote and facilitate the development of fair, efficient, and transparent financial markets.

• The National Business Review
• The New Zealand Herald - Business Section
• Yahoo!Finance - New Zealand

• NZSX Market Data

• Market Guides